No tax hike for S.C. county's $1 billion school construction work

Thursday, June 26, 2014

Greenville County Schools will be able to make its payments on its $1 billion BEST construction program, finish construction of a new middle school and keep up with maintenance of its nearly 100 schools for the coming year without a tax increase, district officials said.

The School Board on Tuesday approved issuing up to $99.5 million in general obligation bonds to take care of its facilities needs. The debt service budget totals $100.3 million.

The board last year approved a 5-mill property tax hike on home, auto and business owners, the first increase since 1999. But no more millage increases will be needed in the foreseeable future, unless the board modifies its long-range plan next year, according to Jeff Knotts, executive director of finance.

Read more »